progressive tax

The High Cost to Middle Class of Low Taxes on the Rich

The GOP approach of cutting taxes and slashing expenses has its attractions: Nobody likes paying taxes, and "tightening our belts" sounds ever so grown up. But these proposed cuts in taxes and spending will benefit the wealthy, while placing an outsized burden on the country's poor and middle class.

Tax brackets for 2009 income

By law, the thresholds for the marginal federal income tax brackets must change each year to keep pace with inflation. For 2009, those brackets are...